01.09.202207:33 Forex Analysis & Reviews: Technical analysis of Apple for September 1, 2022

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We have been following Livermore's Accumulation Cylinder in regard to Apple for quite some time now. We have pinpointed the top at point 10 at 182.94. Point 11 was done at 137.06. Finally, we have point 12 as a death-cat bounce to just below the top at 176.15 which means we now should be looking for a hard decline to complete point 13. The minimum target for point 13 is seen at the 38.2% corrective level at 113.08 but it could move even lower than that towards the 50% corrective level at 91.50.

We would like to stress that point 13 only is part of the expected decline as we still miss point 14 and maybe 15 too. So, we advise caution in regard to Apple in the month ahead.

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